Sui 2023 Q4 and 2024 Q1 report: Daily average DEX transaction volume increased by 3689%, DeFi TVL increased by 1459%

Messari released the Sui 2023 Q4 and 2024 Q1 status report, the key points are as follows: - In the past two quarters, Sui's average daily DEX trading volume increased by 3689% to US$78 million. Cetus and DeepBook led with average daily trading volumes of US$37 million and US$26 million, respectively; - Projects built mainly on Sui raised US$11.3 million in Q1 of 24, 31% higher than the total financing for the whole year of 2023. Projects that received financing in Q1 include Talofa Games, Scallop, NAVI, Cetus, and Karrier One; - At the end of March, Mysten Labs launched Pilotfish, a new execution expansion solution that distributes execution work across multiple machines for a single validator; - DeFi TVL on Sui has increased by 1459% to US$786.6 million in the past two quarters. Incentive programs have driven growth, with several major protocols including NAVI, Scallop, and DeepBook launching or announcing tokens in Q1 24; - During Quest 3, Sui averaged 151,000 daily active addresses, with a peak of 453,000. Excluding this period, Sui averaged 24,000 daily active addresses over the past two quarters.